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Paper Trading Account

Paper trading lets you use the full range of trading facilities in a simulated environment using real market conditions. Use this page to request a Paper Trading Account. Use this test environment to learn trading features such as order types without risk, learn market dynamics in new exchanges and products, and simulate and test trading strategies. When you use a paper trading account, you have limited access to Account Management functions. Paper trading accounts are created within 24 hours under normal business circumstances. You will be notified by email when the account is ready for trading.

All new clients automatically receive a paper trading account with 1,000,000 USD of paper trading Equity with Loan Value, and this equity will fluctuate as if the trades had executed in the real market. Older accounts may not have paper trading accounts.

For more information about paper trading accounts, see About Paper Trading Accounts.

The Paper Trading Account screen lets you:

• Configure your existing paper trading account
• Request a paper trading account if you do not already have one

Who can access the Paper Trading page?

You can access this page if you are a(n):

• Individual, Joint, Trust or IRA Account User
• Small Business Account User
• Friends and Family Group Master or Client
• Advisor Master User
• Advisor Client
• Proprietary Trading Group Master User
• Proprietary Trading Group Sub User
• Broker Master User (master account only)
• Broker Fully Disclosed Client
• Broker Non-Disclosed Client
• Investment Manager Master User
• Fund

To configure your paper trading account

1. Click Settings > Account Settings.
2. If you manage or maintain multiple accounts, the Account Selector opens. Search for and select the account whose paper trading account you want to configure.
3. In the Configuration panel, click the Configure (gear) icon for Paper Trading Account.

   

4. You will have the option to manage your paper trading account including:
   • View your username and account number
   • Share real-time market data with your paper trading account
   • Reset your password

To open a new paper trading account

1. Click Settings > Account Settings.
2. In the Configuration panel, click the Configure (gear) icon for Paper Trading Account.

   

3. Type a five-character paper trading account username in the field provided.
4. Type a paper trading account password in the field provided. The password must be from six to eight characters and must contain at least one number and no spaces.
5. Re-type the password in the field provided, then click Continue.
6. Your request will be confirmed for processing. If we receive your request by 4:00 PM Eastern Time on any normal business day, it will be processed by the next business day under normal circumstances.